How Silicon Valley Bank Collapsed
Silicon Valley Bank shut down suddenly on Friday. The lender’s customer base was made up of many startups and venture-capital firms, particularly in the tech sector. WSJ finance editor Charles Forelle joins host Julie Chang to explain the bank’s downfall.…
Silicon Valley Bank collapse sets off panic in tech, banking sectors
The collapse of Silicon Valley Bank on Friday set off a wave of panic in the tech sector as thousands of small and medium sized companies stood to lose billions in deposits. Now, the U.S. Treasury says it will help…